how will you deal with goodwill when,
1. New partner brings his share of goodwill in cash.
2. New partner does not bring his share of goodwill in cash.

what journal entries are made in the books of the Head office to incorporate the trial balance of an independent branch ?

how to go about investment topic in accountancy

Dear Sir/Madam


A,B and C share the profit losses in the ratio of 3:2:1. D is admitted. He gets 1/6 in Share entirely from A. New Ratio will be


Ans: 1/3:1/3:1/6:1/6



Please tell how to Calculate

Dear Sir/Madam,


A and B are partners sharingb profits in the ratio of 4:1. A surrenders 1/4 share and B surrenders 1/2 of his share in favour of C, a new partner, Sacrificing ratio of A and B will be___



Ans: 2:1


Pease tell how to Calculate

Dear Sir/Madam,

Consignee is entitleed to get a commission of Rs.25 per article sold plus one fourth of the amount by which gross sale proceeds less his total commission thereon exceeded a sum at the rate of Rs.125 per articles sold. He sold 450 articles at Rs.73,800. Commission amount will be______



Ans:12,510

Please tell how to Calculate

Dear Experts,
VERY URGENT SIR....
Already posted this query but no reply sir...
1)What is stock audit?
2)If we have to do a stock audit on the request of a bank how it has to be done?
3)What are all the vital points that we have to bear in mind while doing the stock audit?
4)Should we have to value the stocks? If yes can we get an expert opinion/certificate for the same?
Thanks & Regards,
Rajesh.

can i have information on tds,sections etc., process how r they filed

Hello All Experts
I am sanjay speaking. Sir, I want to know one point i.e.
Car Registration Exp is a capital Exp. whether it comes under Indirect Exp or added to the value of car. I am talking of the Pvt Ltdf Co.
Kindly advise. The entry I have done is:

Car Registration Exp Dr 166000/-
To Bank A/c Cr
It is urgent.
Thanks
regards
sanjay

dear sir,

we purchase a machinery from "A" ON RS.750000 AND PAID EXCISE DUTY 10.3%. WE DID
A ENTRY IN PURCHASE A/C.
MACH DR. 750000
EXCISE RECEIVEABLE DR.77250
TO PARTY 827250

THIS MACHINERY WE PURCHASED FOR "B" WHOM R OUR CONTRACTOR. NOW "B" ISSUED A BILL OF RS.500000. SO WE WANT TO KNOW HOW TO DEDUCT ABOVE AMT. FROM B A/C.

PLS TELL ME ENTRY HOW TO DEDUCT A AMOUNT.